Did China do something that made the Chinese people start buying? Or what?
Haha. That is not going to happen because they are already benefiting from the luxury of crypto through there one nation and two system scheme, which means they are one nation which consists of China and Honk Kong (two system). and you might aware of the adoption level of Crypto in Honk Kong.
Well, market after bearing huge dumps due to SEC's actions against Binance, Coinbase went into correction and during this correction huge amount of BTC were bought by big institutes but this buying was through buying the shares of Micro Strategy. I have already shared this infor before
Well, after this, the dominance of BTC increased 51% which was a good sign for market and then Binance started to spread its reach towards new places such as Kazakhstan and then USA declared his own exchange idea of EDX. Which also act as a good factor.